Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (June 2011)
23 slides from Buru Energy's investor presentation, Jun 2, 2011
Slide 1: ASX Announcement: Corporate Presentation
Buru Energy Limited ABN 71 130 651 437 Level 2, 97 William Street Perth WA 6000 PO Box 7794, Perth Cloisters Square WA 6850 Ph: 61-8 9215 1800 Fax: 61-8 9215 1899 www.buruenergy.com For personal use only ASX ANNOUNCEMENT (ASX: BRU) 2 June 2011 Corporate Presentation Buru Energy Limited (“Buru” or “C
Slide 2: Corporate Presentation June 2011
For personal use only Corporate Presentation June 2011
Slide 3: Summary
Summary For personal use only • Junior ASX listed Australian oil and gas exploration company • Focused on the underexplored Canning Superbasin in northwest Western Australia (“WA”) • WA is a major oil and gas resource centre with existing infrastructure and proximity to domestic and Asian markets •
Slide 4: Australia in Context
Australia in Context Australia has a major conventional gas industry with developing unconventional (CSM) to LNG and shale gas industry For personal use only Substantial gas reserves • Total 2P conventional gas reserves of around 170 TCF as at January 2010 • Major CSM to LNG industry in development
Slide 5: Western Australia in Context
Western Australia in Context Western Australia is a major energy hub with a well Western Australia Infrastructure developed export market For personal use only WA statistics • ~64% of Australia’s natural gas reserves are in WA • WA produced ~1.3 TCF of gas (including 16.57 MMT LNG for export), 46.3
Slide 6: Company Background
Company Background A junior ASX listed Australian oil and gas exploration company Buru’s Canning Superbasin permit locations For personal use only Our name • Buru pronounced - Boo-Roo - means “a special place” in local Aboriginal dialect Focused explorer • A focused oil and gas explorer and producer
Slide 7: Corporate Snapshot
Corporate Snapshot Buru provides material leverage for Quick facts investors For personal use only Share price: A$0.77 (as at 31 May 2011) Tightly held stock Shares on issue: 182,780,549 • 55% held by top 20 shareholders Options (warrants): 24,251,000 (unlisted) • Three substantial shareholders (≥5%
Slide 8: Proven Management Team
Proven Management Team Buru’s Board has extensive oil and gas Eric Streitberg – Executive Director experience with a proven ability to develop oil • 38 years’ experience in petroleum geology and geophysics and management of and gas companies, delivering material upside For personal use only petroleu
Slide 9: Why the Canning Superbasin?
Why the Canning Superbasin? The Paleozoic aged geology of the Canning Paleozoic basins with giant reserves Superbasin is right for oil and gas and it is underexplored For personal use only Overview • Paleozoic rocks hold about 27% of world oil reserves or 700 to 1,000 billion barrels • There are mor
Slide 10: Background: Canning Superbasin infrastructure
Canning Superbasin Background Buru’s permits are well positioned for Canning Superbasin infrastructure exploration access and early production of discoveries For personal use only Overview • Two regional centres (Broome and Derby) provide support infrastructure, airline access etc • The Kimberley is
Slide 11: Exploration Environment
Canning Superbasin Exploration Environment Buru is an experienced operator and the largest The Canning Superbasin seismic and wells licence holder in the Canning Superbasin For personal use only Sporadic drilling history • Only some 170 wildcats have been drilled in an area nearly 3/4 the size of Te
Slide 12: Prospectivity
Canning Superbasin Prospectivity Enormous potential for conventional and unconventional oil and gas in the proven For personal use only petroleum systems in the Superbasin (a Superbasin is a composite basin made up of a number of smaller basins) Ordovician – Silurian: Thick, high quality source The
Slide 13: Proven Reserves/Resources
Canning Superbasin – Proven Reserves/Resources Current production operation is small scale oil production For personal use only Oil production • Buru has established production operations with oil infrastructure, Blina oil production storage and supply yards and owns a workover/shallow drilling rig
Slide 14: Contingent Resources
Canning Superbasin – Contingent Resources Yulleroo wet gas field has major resources and is on the pathway to development. Pictor Field appraisal is also For personal use only planned for 2011 Yulleroo Field • Conventional/tight gas resource – discovered in 1967, not appraised The Canning until 2008
Slide 15: Unconventional Resources
Canning Superbasin – Unconventional Resources The EIA identifies the Canning Superbasin as having the largest shale gas potential in Australia For personal use only The Report • The US Energy Information Agency (“EIA”) undertook a major review of global unconventional resource potential, released in
Slide 16: Unconventional Resources
Canning Superbasin – Unconventional Resources Buru and NSAI have reviewed the potential Unconventional resources in the Superbasin of the Superbasin and identified 4 primary unconventional plays – all liquids rich For personal use only Resources • Combined mid range unrisked gross in-place volumes a
Slide 17: Conventional Resources
Canning Superbasin – Conventional Resources Canning Superbasin has extensive conventional potential in a large number of prospects For personal use only Conventional overview • Buru’s re-evaluation has broken the Canning Superbasin into a number of discrete sub-basins and hydrocarbon provinces each
Slide 18: 2011 Exploration Program
Canning Superbasin 2011 Exploration Program Aggressive 2011 program of up to 10 wells commenced in early June For personal use only Rigs and timing • Ensign Rig #32 under contract for up to 6 wells and Century Rig #7 under contract for up to 4 wells • Ensign Rig #32 spudded first well in first week
Slide 19: 2011 Drilling Program
Canning Superbasin – 2011 Drilling Program Planned first four wells have high impact potential in proven play types For personal use only Valhalla-2 Paradise-1 Pictor East-1 Ungani-1 Targeting multiple conventional Will test the Upper and Lower Will evaluate the Nita Testing a large gas target and u
Slide 20: Pathways to Commercialisation
Pathways to Commercialisation The development of the identified contingent Pathway to commercialisation resources has two parallel workplans For personal use only Conventional gas • Prove up sufficient conventional gas reserves to support the construction of the Great Northern Pipeline (“GNP”) (~250
Slide 21: Resources and Operations Snapshot
Resources and Operations Snapshot Buru’s portfolio has a highly prospective mix of exploration, appraisal and pre-development prospects in both conventional and unconventional play types For personal use only Production Unconventional resources • Current oil production of 40-50 bopd with workovers •
Slide 22: Disclaimer
Disclaimer Important notice For personal use only This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru"). This presentation contains certain statements which may constitute "forward-looking statements". It is believed that the expectations reflected in these statements ar
Slide 23: For personal use only
For personal use only Corporate Presentation June 2011